ROBIT PLC GRANTS OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARY
ROBIT PLC STOCK EXCHANGE RELEASE 20 DECEMBER 2024 AT 14.00 EET
ROBIT PLC GRANTS OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARY
At its meeting on 20th December 2024, the Board of Directors of Robit Plc decided to grant in total 64 613 shares to its Board of Directors as the annual compensation for the year 2024. The grant is based on the authorization given to the Board of Directors by the Annual General Meeting on 3rd April 2024. The total value of the granted shares based on the closing price EUR 1.30 of 19th December 2024 is EUR 83 997.
The Board of Directors decided to grant to the Group CEO, Arto Halonen, in total 9 231 shares as part of the fixed yearly salary. The release is based on CEO contract. The total value of the granted shares based on the closing price EUR 1.30 of 19th December 2024 is EUR 12 000.
The total amount of the granted shares is accordingly 73 844 shares, and the total value based on the closing price EUR 1.30 of 19th December 2024 is EUR 95 997.
The share compensation is granted with the shares, which are already in the assets of Robit Plc, so the total amount of shares does not change. The total amount of shares in Robit Plc’s assets before the release is approximately 180 410 shares equaling 0.9 percent of the total amount of the company’s shares and after the release the total amount of shares is approximately 106 566 equaling 0.5 percent of the total amount of the company’s shares.
The granted shares will be paid by 31st December 2024.
ROBIT PLC
Board of Directors
Further information:
Arto Halonen, Group CEO
+358 40 028 0717
arto.halonen@robitgroup.com
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com
Robit is the expert focused on high quality drilling consumables for mining and construction markets globally to help you drill Further. Faster. Robit strives to be world number one company in drilling consumables. Through our high and proven quality Top Hammer, Down the Hole and Geotechnical products, and our expert services, we deliver saving in drilling costs to our customers. Robit has its own sales and service points in six countries and an active distributor network through which it sells to more than 100 countries. Robit’s manufacturing units are located in Finland, South Korea, and the UK. Robit’s shares are listed on Nasdaq Helsinki Ltd. Further information is available at www.robitgroup.com.